First-Time Buyer GST Rebate: Up to $50,000

This one is real, it's now law, and a lot of first-time buyers don't know it exists. The federal First-Time Home Buyers' GST Rebate can put up to $50,000 back in your pocket on a newly built home.

Here's how it works. New homes have 5% GST baked into the price. For eligible first-time buyers, this rebate wipes out that GST on a home valued up to $1 million - up to $50,000 back. Homes between $1 million and $1.5 million get a partial rebate, and above $1.5 million it phases out.

A real example: on a $600,000 new build, that's roughly $30,000 that used to disappear into tax - now staying with you.

To qualify: your purchase agreement needs to be dated on or after March 20, 2025, the home has to be newly built (not a resale), and you have to meet the CRA's definition of a first-time buyer.

If you're a first-time buyer even thinking about a new build, this is worth a conversation before you sign anything - it changes the math on what you can afford. The rules have fine print, and they can change, so let's confirm your situation together.

Send me the details of what you're looking at and I'll tell you plainly whether it qualifies and what it means for your budget.

Buying a New Build? Let's See What You Qualify For →

Have a question about this? Let's talk - no pressure, no sales pitch.

📞 403-703-6847 (call or text) | ✉️ Shawn@ShawnSelanders.ca

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Shawn Selanders | RECA-Licensed Mortgage Broker | Mortgage Architects | Serving Calgary, Okotoks, High River & Southern Alberta. Rates and programs change - confirm current details with me. O.A.C. E.&O.E.